MARC has withdrawn its A+ID rating on Makro Utama Sdn Bhd’s (Makro) RM100.0 million Al-Istisna’ Bonds with immediate effect following the early redemption of all outstanding bonds under its bond facility and cancellation of the facility on August 25, 2011 as confirmed by the facility agent, Kenanga Investment Bank Berhad. Following the rating withdrawal, MARC would cease to provide analytical coverage on Makro.

Contacts:
Sandeep Bhattacharya, +603-2082 2247/ sandeep@marc.com.my;
Jason Kok, +603-2082 2258/ jason@marc.com.my.